Tabcorp/Tatts – RBB expert testifies in Australian Competition Tribunal 20.06.17

RBB has provided expert testimony in the Australian Competition Tribunal hearing into the AUD 11 billion merger between Tabcorp and Tatts, two wagering and gaming operators. The ACCC and two interveners had raised concerns that various aspects of the transaction might lead to harm to competition and public detriments. An RBB team led by Patrick Smith, and assisted by Chris Whelan, Paulo Abecasis, Aniek Linssen and Mohsin Raza, prepared two expert reports, assessing the effect of the merger on competition in wagering, as well as effects arising from Tabcorp’s activity in broadcasting racing media, the overall effect on the racing industry, and net public benefits. During the hearing Patrick testified in two hot-tubs on these issues, along with economists instructed by solicitors representing the ACCC and both interveners. ACT president Justice John Middleton stated in conclusion that “the public detriments identified by the ACCC and the interveners are unlikely to either arise or are not of significance”, and the Tribunal placed only one condition on the merger, that Tabcorp must sell its Odyssey gaming monitoring business in Queensland, as Tabcorp had previously announced. RBB was instructed by Herbert Smith Freehills and Gilbert + Tobin, solicitors acting for Tabcorp.


RBB Economics sponsors the Magnum Graduate Photo Awards 2017 15.06.17

RBB is the proud sponsor of the Magnum Graduate Photo Awards again for 2017. The Graduate Photographers Award builds on the collective commitment from Magnum Photos, Photo London and RBB Economics in the support, development and advancement of early career photographers. The award acknowledges the best emerging practitioners providing them with exposure to both a public and highly professional audience. We would like to congratulate all the winners and wish them every success in their careers. To read the full article and see examples of their work click here. 


Enrique Canizares participates at the AEDC – The use of economic analysis in competition investigations and court cases seminar 15.06.17

Enrique Canizares participated in a seminar organized by the AEDC (Spanish association of lawyers and economists specialized in competition) and the Spanish competition authority (CNMC) on Wednesday 7th June. Enrique participated in a panel on the role of economic analysis in the analysis of restrictive practices and agreements. Co-panellists included two external lawyers specialized in competition and the economic advisor of the president of the CNMC.


RBB has topped the list of economist firms in Who’s Who Legal’s Competition Future Leaders 2017 Economists survey 18.05.17

RBB has topped the list of economist firms in Who’s Who Legal’s Competition Future Leaders 2017 (Economists) survey. Our economists accounted for 18 out of the 75 economic experts aged 45 and under featured in the survey, with Who’s Who Legal noting that RBB “offers clients unrivalled strength in depth“. In Europe, the survey identified Adrian Majumdar, Andrea Lofaro and Bojana Ignjatovic as three of the top five most highly regarded economic experts.

Who’s Who Legal notes that:

“RBB ECONOMICS leads the research this year, illustrating its prominent position in the market. The firm offers clients unrivalled strength in depth with 18 of its experts highlighted in this edition, with all but two of those nominees hailing from the firm’s offices in Brussels, London, Madrid, Stockholm and The Hague.

In London, ADRIAN MAJUMDAR is considered “an undisputable leader in the field” and “one of the absolute best” when it comes to complex investigations work. Sources praise his “ability to grasp the key issues, his great manner and excellent understanding.”

The “outstanding” BOJANA IGNJATOVIC is an expert in merger-related competition work in both the UK and the EU. One respondent notes, “She possesses superb analytical skills and is strong in every department.”

According to clients, DANIEL GORE “brings a great depth of knowledge and strong grasp of the details to every meeting.” He is “an exceptionally hard working and responsive individual” and is recognised for his “technical excellence” when handling horizontal and vertical merger cases.

Brussels-based ANDREA LOFARO “would come top of the list” for many sources who “would recommend him without hesitation.” His practice spans a wide array of competition matters including horizontal mergers and Article 102 cases, and he is considered “one of the best in the business”.

FRANCESCO ROSATI is “an incredibly smart economist” highlighted for his “wise and pragmatic approach to cases”. He is well versed in handling competition matters across a range of industries from telecoms and media to financial services and transport.

Stockholm’s PETTER BERG is “the true go-to guy for top quality economic advice”, according to respondents. Regarded as “the number-one economist in Sweden”, he is valued by clients for his “thorough grasp of the legal challenges associated with economic evidence in a competition law context.””

The full survey can be found here


CMA cleared the acquisition by Lloyds Banking Group Plc of MBNA Limited 16.05.17

On 5 May 2017, the CMA cleared the anticipated acquisition by Lloyds Banking Group Plc (LBG) of MBNA Limited.  RBB advised LBG, providing analysis on market definition and the competitive effects of the transaction.  RBB worked alongside legal advisors Allen & Overy.”